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Home News Greece’s Titan Cement revenues rise yet higher losses in Q1 2013

Greece’s Titan Cement revenues rise yet higher losses in Q1 2013

by Staff Writer
May 16, 2013
in News
Reading Time: 1 min read
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In the first quarter of 2013, Titan Cement of Greece posted a 19% rise in its revenues, to €51 million in comparison with the corresponding period in 2012. Titan also posted an EBITDA loss of €2 million from €12 million profits as well as a net loss of €17 million from €0.2 million profits. At group level, its revenues rose by 8%, to €243 million while its EBITDA dropped by 29%, to €24 million compared with the same period last year.

In the first quarter of 2013, Titan Cement of Greece posted a 19% rise in its revenues, to €51 million in comparison with the corresponding period in 2012.

Titan also posted an EBITDA loss of €2 million from €12 million profits as well as a net loss of €17 million from €0.2 million profits.

At group level, its revenues rose by 8%, to €243 million while its EBITDA dropped by 29%, to €24 million compared with the same period last year.

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